Funding you earn now, next payment 05:00 UTC+0.0079%/8h= +8.7% APRpaid last 24h +0.055%
Price spread now: HTX against Derive+0.247%7-day average +0.078% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.070%+$7 on $10k
+Price spread, last 4 days (all we have)−0.293%−$29 · spread now +0.247%, 7d avg +0.078%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and HTX is 0.169% dearer against Derive than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.078%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive HYPE-PERP | 92.886 | 0.0100 | pay 0.0013% / 1h | 47m 52s | $16.1M | $7.5M | 10x |
| Short | HTX HYPE-USDT | 93.116 | 0.0179 | get 0.0090% / 4h | 3h 47m | $1.4M | $6.3M | 75x |
Derive HYPE-PERP
HTX HYPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Derive. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $16.67
- Price spread: +0.247% → +0.078%
- $16.89
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- $15.56
- Costs to cover
- 0.180%
- Break-even
- 0.5 days
Slippage unknown: Derive: no order-book sample; HTX: live order book, 1 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Derive no order-book sample | — | — | — | — | — |
| Sell HTX live order book, 1 min ago | 0.05 bp | 11.0 bp −$11 | 14.0 bp −$140 | 49.3 bp −$4,934 | doesn't fit |
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
HYPE on 55 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.0728% | 1h | 92.719 | −0.180% | $193K | $229K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0266% | 1h | 92.926 | +0.042% | $22K | $21K | 10x | as long as short |
| Arcus HYPE-USD | −0.0194% | 1h | 92.905 | +0.020% | $1.1M | $3.9M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.925 | +0.042% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0062% | 4h | 92.870 | −0.018% | $157K | $660K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.948 | +0.066% | $127K | $29K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 93.006 | +0.129% | $1.8M | $5.4M | 2.3x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 92.980 | +0.101% | $22K | $301K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 92.936 | +0.053% | $62K | — | 150x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.032 | +0.157% | $210K | $1.2M | 10x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Arcus HYPE-USD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
Kalshi KXHYPEPERP
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Phoenix HYPEShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit HYPEUSDT | +0.0035% | 8h | 92.910 | +0.025% | $316.2M | $282.2M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0040% | 8h | 92.910 | +0.025% | $12.5M | $2.7M | 50x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0054% | 1h | 92.920 | +0.036% | $699K | $1.1M | 10x | as long as short |
| 01 Exchange HYPEUSD | +0.0056% | 1h | 92.971 | +0.091% | $87K | $362K | 20x | as long as short |
| Bullet HYPE-USD | +0.0072% | 1h | 92.901 | +0.016% | $112K | $578K | 20x | as long as short |
| Bitget HYPEUSDT | +0.0078% | 4h | 92.922 | +0.038% | $225.1M | $99.0M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0086% | 4h | 92.935 | +0.053% | $4.9M | $29.6M | 30x | as long as short |
| Aster HYPEUSDT | +0.0087% | 4h | 92.927 | +0.043% | $8.7M | $36.2M | 300x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 92.944 | +0.062% | $16.1M | $62.4M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 92.935 | +0.052% | $3.1M | $11.6M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 92.939 | +0.057% | $70K | $1.1M | 50x | as long as short |
| Gate HYPE_USDT | +0.0096% | 4h | 92.916 | +0.032% | $44.7M | $53.8M | 75x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.016 | +0.140% | $339K | $163K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 92.920 | +0.036% | $39K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.984 | +0.106% | $7.4M | $45.8M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.961 | +0.080% | $2.03B | $665.1M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.009 | +0.132% | $10.0M | $15.2M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 92.913 | +0.029% | $373.7M | $904.4M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 92.920 | +0.036% | $113.9M | $304.6M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.942 | +0.060% | $202K | $13K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 92.933 | +0.050% | $87.4M | $80.1M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.932 | +0.049% | $46.1M | $18.4M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 92.923 | +0.039% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.921 | +0.037% | $7.3M | $11.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.989 | +0.110% | $28.6M | $57.5M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.015 | +0.138% | $7.5M | $46.6M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 92.928 | +0.045% | $351K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.904 | +0.019% | $667K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.984 | +0.105% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.980 | +0.101% | $469K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 92.876 | −0.011% | $79K | $168K | 20x | as long as short |
| Derive HYPE-PERPlong | +0.0100% | 1h | 92.886 | long leg | $16.1M | $7.5M | 10x | |
| SunX HYPE-USDT | +0.0100% | 4h | 92.997 | +0.119% | $31K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.907 | +0.022% | $2.0M | $2.0M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.897 | +0.011% | $18.0M | $43.6M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.912 | +0.028% | $393K | $164K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 92.970 | +0.090% | $4.7M | $5.6M | 50x | as long as short |
| HTX HYPE-USDTshort | +0.0179% | 4h | 93.116 | +0.247% | $1.4M | $6.3M | 75x | |
| Kraken Futures PF_HYPEUSD | +0.0197% | 1h | 92.978 | +0.098% | $20.6M | $30.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0242% | 1h | 93.150 | +0.284% | $30K | $339K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0264% | 1h | 92.927 | +0.043% | $79K | $131K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0154% | 1h | 92.926 | +0.043% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 92.915 | +0.031% | $16.7M | $11.6M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0363% | 1h | 93.002 | +0.124% | $7.5M | $4.5M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0598% | 1h | 93.007 | +0.130% | $3.2M | $6.4M | 20x | as long as short |
Bybit HYPEUSDT
Phemex HYPEUSDT
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
Bullet HYPE-USD
Bitget HYPEUSDT
edgeX HYPEUSDC
Aster HYPEUSDT
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Gate HYPE_USDT
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
Kraken Futures PF_HYPEUSD
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC